Abstract
In his article on U.S. Department of Housing and Urban Development (HUD) multifamily property disposition, James Wallace argues in support of relaxing the subsidy and affordability requirements governing HUD’s disposition activities for troubled developments. After presenting important data on the growing magnitude of this problem, Wallace correctly cites the obvious need for HUD to make improvements essential to reduce the problem’s scope in the near future, specifically in HUD’s practices for monitoring owners and avoiding default and foreclosure.1 But when it comes to actual disposition policy, Wallace defends HUD’s currently proposed legislative retreat.
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